Zacks Investment Research Lowers First Financial Corporation Indiana (NASDAQ:THFF) to Hold

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, August 1st.

According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “

THFF has been the topic of a number of other research reports. ValuEngine upgraded shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of First Financial Corporation Indiana from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.

Shares of First Financial Corporation Indiana (THFF) opened at 43.60 on Tuesday. First Financial Corporation Indiana has a 52 week low of $39.20 and a 52 week high of $53.49. The stock has a market capitalization of $532.92 million, a P/E ratio of 15.55 and a beta of 0.84. The company has a 50-day moving average price of $46.35 and a 200 day moving average price of $47.00.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.01. The business had revenue of $34.67 million during the quarter, compared to the consensus estimate of $35.15 million. First Financial Corporation Indiana had a return on equity of 8.06% and a net margin of 23.36%. Analysts forecast that First Financial Corporation Indiana will post $2.70 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers First Financial Corporation Indiana (NASDAQ:THFF) to Hold” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/first-financial-corporation-indiana-nasdaqthff-downgraded-by-zacks-investment-research-to-hold-updated-updated.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of First Financial Corporation Indiana by 3.1% in the fourth quarter. State Street Corp now owns 240,865 shares of the bank’s stock valued at $12,718,000 after buying an additional 7,317 shares in the last quarter. Norges Bank purchased a new position in shares of First Financial Corporation Indiana during the fourth quarter valued at about $11,625,000. Teachers Advisors LLC increased its position in shares of First Financial Corporation Indiana by 23.0% in the fourth quarter. Teachers Advisors LLC now owns 23,922 shares of the bank’s stock worth $1,263,000 after buying an additional 4,466 shares during the period. Highbridge Capital Management LLC bought a new position in shares of First Financial Corporation Indiana during the fourth quarter worth $526,000. Finally, Koshinski Asset Management Inc. increased its position in shares of First Financial Corporation Indiana by 11.9% in the first quarter. Koshinski Asset Management Inc. now owns 11,244 shares of the bank’s stock worth $534,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

First Financial Corporation Indiana Company Profile

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

Get a free copy of the Zacks research report on First Financial Corporation Indiana (THFF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about First Financial Corporation Indiana? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Financial Corporation Indiana and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit